Explore the latest industry news about third party logistics (3pls). Stay informed with trade articles by Global Trade industry experts.
A third party logistics (or 3PL) provider handles supply chain management logistics, a service that can include transportation, warehousing and delivery, but may also incorporate additional value-added services such as production or procurement. By outsourcing these functions, companies can achieve a cost savings over having to meet these demands internally. In addition to the economic benefits, 3pls can also deliver improved technical proficiency, through sophisticated IT systems that are often more advanced than those of the production or selling companies they serve. Since logistics is not a core business for many entities involved in global trade, the ability to turn these responsibilities over to a qualified 3pl provider allows companies to spend less time focusing on these tasks, and more time on the elements that made their respective businesses a success.
Warehouse Automation: Reflections on the Past Year and Predictions for the Year Ahead
Supply chain leaders at U.S. retail and e-commerce companies operating globally are adept at transformative change. Many navigated the pandemic’s… Read More
Forecasting Demand in Supply Chains: Why It’s Critical for Success
Demand forecasting has become an essential tool for supply chain and logistics professionals. In an industry where unexpected delays, sudden… Read More
New Climate Risk Scores Equip Supply Chains for Climate Resilience up to 2100
Everstream Analytics, a leader in supply chain insights and risk analysis, has introduced Climate Risk Scores, a pioneering tool that… Read More
Challenges Faced by Low-Cost Carriers (LCCs)
Times have changed, and airlines seem to be up to the daily travel of air travelers. Mostly because carriers are… Read More
Nuclear-Powered LNG Carriers: The Future of Zero-Emission Shipping?
The American Bureau of Shipping (ABS) has released a new report evaluating the potential of advanced nuclear technology to power… Read More
7 Questions to Ask When Looking to Diversify Your Carrier Base
Carrier diversification is a trend that is continuing to gain traction. This season’s peak season surcharges from national carriers like… Read More
Managing Costs for Automotive Manufacturing: Duties and Import Management
Within a complicated global landscape, where interconnectedness is vital for business success, managing the intricacies of a supply chain on… Read More
Building for Continuity: How New Materials Keep Global Supply Chains Running During Disasters
Global supply chains are the foundation for the world economy, as they keep resources flowing seamlessly, no matter the distance…. Read More
Hapag-Lloyd and Maersk Boost Earnings Forecasts as Red Sea Disruptions Reshape Global Shipping
Hapag-Lloyd has followed future alliance partner Maersk in upgrading its 2024 earnings outlook, citing higher-than-expected demand and rising freight rates… Read More
Global Shipping Faces Turbulence: Chokepoint Disruptions Threaten Trade and Supply Chains
The maritime industry is navigating treacherous waters, as critical shipping chokepoints face unprecedented strain, threatening global trade, food security, and… Read More
Port of Los Angeles Sets All-Time Record with Massive Cargo Surge in Q3
The Port of Los Angeles achieved its largest-ever quarterly performance, processing 2.85 million TEUs between July and September 2024. September… Read More
Setback for U.S. Arctic Strategy as Nome Deepwater Port Project Hits Cost Barrier
The U.S. effort to expand Arctic capabilities faces a blow as the U.S. Army Corps of Engineers has canceled the… Read More
« Previous 1 … 3 4 5 6 7 … 92 Next »